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Investing.com - Atmus Filtration Technologies Inc. (NYSE:ATMU) shares surged 7.8% on Friday following the release of third-quarter results that significantly exceeded analyst expectations, with the company raising its full-year guidance amid strong operational performance.
The global filtration and media solutions provider reported adjusted earnings of $0.69 per share for the third quarter, handily beating the analyst consensus of $0.53. Revenue reached $448 million, up 10.9% YoY and well above the $413 million analysts had expected.
The company’s strong performance prompted management to raise its full-year 2025 outlook. Atmus now expects revenue between $1.72 billion and $1.745 billion, up from previous guidance and above the consensus estimate of $1.71 billion.
The company also raised its adjusted earnings forecast to $2.50-$2.65 per share, compared to analyst expectations of $2.57.
"I am extremely grateful to our employees for achieving the completion of our operational separation during the quarter," said CEO Steph Disher. "The separation has been a multi-year journey and marks a significant milestone for our company."
Adjusted EBITDA for the quarter increased to $92 million, representing a margin of 20.4%, compared to $79 million and a 19.6% margin in the same period last year. The company generated $72 million in adjusted free cash flow, up from $65 million in Q3 2024.
During the quarter, Atmus completed its operational separation from former parent Cummins Inc. and concluded the transition services agreement.
The company also repurchased $30 million of common stock under its $150 million share repurchase program and paid a quarterly dividend of $0.055 per share, a 10% increase from the prior quarter.
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